Beckley, West Virginia—Ross Jay Bailey, 50, of Cool Ridge, was sentenced today to five years of federal probation, including two years on home detention, and ordered to pay $1,596,301.46 in restitution for theft of government money. Bailey obtained a $2 million loan through the Coronavirus Aid, Relief, and Economic Security (CARES) Act for his business and instead converted at least $1.4 million of the proceeds for his personal enrichment. Bailey has paid the restitution in full.
